RegTech Open Project Slates Direct Listing on London Exchange

RegTech Open Project, known as RTOP, plans to float on the London Stock Exchange via a direct listing with trading expected to start on the main market Friday.

The technology business said today that it expects to have a market capitalization upon listing of 60 million pounds ($76.5 million), reports Dow Jones Newswires.

RTOP, which specializes in management, and optimization of regulatory compliance operations, is owned by The AvantGarde Group.

Upon listing the company expects 35% of its issued share capital to be in public hands. Read more.

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